Markets · 1 sources covering this

IBM cuts annual revenue growth forecast as customers prioritize AI infrastructure spending

IBM reduced its annual revenue growth forecast on Wednesday. The company also missed profit and revenue expectations for the second quarter. This shift occurred as corporate spending moved towards AI data-center gear. IBM's Z mainframe revenue slumped significantly, impacting overall infrastructure performance. Executives reassured shareholders about long-term mainframe demand despite current challenges.

Share:WhatsApp X Reddit Facebook LinkedIn

Coverage spectrum

0 L · 0 C · 1 R

How 1 sources are covering this

Economic TimesLean R·1h ago
IBM cuts annual revenue growth forecast as customers prioritize AI infrastructure spending
IBM reduced its annual revenue growth forecast on Wednesday. The company also missed profit and revenue expectations for the second quarter. This shift occurred as corporate spending moved towards AI data-center gear. IBM's Z mainframe revenue slumped significantly, impacting overall infrastructure performance. Executives reassured shareholders about long-term mainframe demand despite current challenges.
Read at Economic Times →

Embed this bias spectrum on your site

Paste this iframe wherever you'd like the widget to appear. Resizes responsively; no JS required.

<iframe
  src="https://hindustansphere.com/embed/cluster/3a76c2410ed2fb9053fa4ca394a4601eef0e1ac2"
  width="100%" height="320"
  style="border:0;max-width:680px"
  loading="lazy"
  title="IBM cuts annual revenue growth forecast as customers prioritize AI infrastructure spending"></iframe>

IBM cuts annual revenue growth forecast as customers prioritize AI infrastructure spending

How 1 sources are covering this

IBM cuts annual revenue growth forecast as customers prioritize AI infrastructure spending

More from Markets

IndusInd Bank shares fall 5% despite 72% YoY Q1 profit surge. Why analysts remain bullish?

Indo-MIM IPO opens today: GMP, date, price, subscription status to review. Apply or not?

Sensex drops over 200 points, Nifty below 23,900 as market falls for 4th day on rising Iran-US tensions. What’s ahead?

US Game Market Sinks 21% After Switch 2 Glow Fades, Circana Says

Reader

Trust & legal

Across the network